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2 results for “bogus purchases”+ Condonation of Delayclear

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Key Topics

Section 69C3Addition to Income2Condonation of Delay2

SRI.C.SHAJI,TRIVANDRUM vs. THE ITO, WARD-2(1), TRIVNDRUM

In the result, the appeal filed by the assessee is partly allowed for statistical purposes

ITA 505/COCH/2017[2013-14]Status: DisposedITAT Cochin20 Sept 2019AY 2013-14

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

For Appellant: Dr.Pradeep K.P., AdvocateFor Respondent: Smt.A.S.Bindhu, Sr.DR

condone the delay and proceed to dispose of the same on merits. 3. First issue for our consideration is as under:- “The purchase of timber for the year for a total value consideration of Rs.11,38,66,879/- is genuine and 2 Sri.C.Shaji. supported by valid documents. The disallowance of Rs.73,34,227/- and estimation of the said amount

INDITRADE BUSINESS CONSULTANTS LIMITED,ERNAKULAM vs. DCIT, CORPORATE CIRCLE 1(1), KOCHI

In the result, the appeal by the assessee is allowed for statistical purposes

ITA 655/COCH/2024[2018-19]Status: DisposedITAT Cochin
28 Mar 2025
AY 2018-19

Bench: Shri Inturi Rama Rao & Shri Sandeep Singh Karhail

For Appellant: Sri.Aneesh Vishwanthan, CAFor Respondent: Sri.Sanjit Kumar Das, CIT-DR
Section 250Section 69C

condone the delay and decide the appeal on merits. 3. In this appeal, the assessee has raised the following grounds: – “1. Incorrect addition made under section 69C of the Income tax Act, 1961 ("the Act") in relation to purchases made totalling to Rs. 3,34,87,077. 1.1. On the facts and circumstances of the case, the Commissioner of Income